Ann: EOS Spacelink Webinar to be held on 24 November 2020, page-8

I'm curious how much capital EOS will need to raise to fund this SpaceLink project. The investor presentation states it is a $1.2 billion project...far greater than the current EOS market cap. No idea how much other stakeholders may contribute but assume EOS will need to take the majority of the equity risk.

I'm no expert in project financing and insuring space projects but suspect traditional debt funding and insurance is probably out of the question based on all the potential risks if something goes wrong when trying to implement this project. Not sure how much it would cost to do a second attempt and time delay it would have. EOS is targeting a first constellation by 2024 so suspect EOS would want investor support for future funding (perhaps the underlying purpose of this presentation) and customer commitments to the project in the near future.

I've been monitoring EOS for a while now, lots to like, this is arguably the biggest unknown and risk in my eyes. Keen to hear others views.